Twist Bioscience Corp (TWST) executive sells 2,238 shares in tax sell-to-cover
Rhea-AI Filing Summary
Twist Bioscience Corp President and COO Patrick John Finn sold 2,238 shares of common stock on July 23, 2026 at $93.893 per share to cover tax withholding from vesting Restricted Stock Units. These mandated "sell to cover" sales were non-discretionary under the company’s equity incentive plans, leaving him with 272,566 directly held shares.
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Insights
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Insider Trade Summary
Net Seller: 2,238 shares
Net Sell
1 txn
Insider
Finn Patrick John
Role
President and COO
Sold
2,238 shs ($210K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,238 | $93.893 | $210K |
Holdings After Transaction:
Common Stock — 272,566 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Restricted Stock Units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
Key Figures
Shares sold: 2,238 shares
Average sale price: $93.893 per share
Shares owned after transaction: 272,566 shares
3 metrics
Shares sold
2,238 shares
Common stock sale on 2026-07-23 to cover tax withholding
Average sale price
$93.893 per share
Price for common stock sold on 2026-07-23
Shares owned after transaction
272,566 shares
Direct common stock holdings following 2026-07-23 sale
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans
3 terms
Restricted Stock Units financial
"in connection with the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
equity incentive plans financial
"the Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock sale did Twist Bioscience (TWST) disclose for Patrick John Finn?
Twist Bioscience’s President and COO Patrick John Finn sold 2,238 common shares on July 23, 2026 at $93.893 per share. The sale was made solely to cover tax withholding on vesting Restricted Stock Units under the company’s equity incentive plans.
Were Patrick John Finn’s Twist Bioscience (TWST) stock sales discretionary trades?
No. The filing states the shares were sold to fund tax withholding via a mandated "sell to cover" mechanism under Twist Bioscience’s equity incentive plans. The disclosure specifies these do not represent discretionary trades by Finn.